Power Integrtns - POWI STOCK NEWS

Power Integrations has launched its new SCALE-iFlex™ Single gate-drivers designed for the latest IGBT power modules capable of handling voltages up to 3.3 kV. These advanced drivers, ideal for applications in light-rail and renewable energy, are now available for design-in. Utilizing the innovative SCALE-2™ ASIC technology, they offer significant enhancements in efficiency and reliability. Rated for 20 A peak output current at elevated temperatures, they provide crucial over-voltage protection and meet stringent railway standards.

Power Integrations (NASDAQ:POWI) announced that CEO Balu Balakrishnan and CFO Sandeep Nayyar will participate in an online fireside chat at the Deutsche Bank Technology Conference on September 9 at 3:50 p.m. Eastern time. This event can be accessed via a live webcast on the company's investor page. Power Integrations is recognized for its innovative semiconductor technologies that play a crucial role in high-voltage power-conversion, contributing significantly to the clean-power ecosystem and efficient energy applications.

Power Integrations (NASDAQ: POWI) reported Q2 2021 revenues of $180.1 million, a 69% increase year-over-year and 4% rise from Q1. Net income reached $41.9 million or $0.68 per diluted share, up from $0.65 in Q1 and $0.22 a year ago. Non-GAAP net income was $50.8 million, or $0.83 per diluted share. The company anticipates a 3% revenue decrease for Q3 2021, while gross margins are expected around 51%.

Power Integrations repurchased 335,000 shares for $26.4 million and declared a dividend of $0.13 per share.

Power Integrations (Nasdaq: POWI) is set to release its second-quarter financial results after market hours on Thursday, July 29, 2021. A conference call will follow at 1:30 p.m. Pacific time, where members of the investment community can register online. The company is recognized as a leader in semiconductor technologies for high-voltage power conversion, playing a crucial role in renewable energy generation and efficient power management across various applications.

Power Integrations (Nasdaq: POWI) has launched the LinkSwitch™-TNZ, an innovative power supply IC designed for energy-efficient applications. This new component integrates offline power conversion, lossless zero-cross detection, and optional X-capacitor discharge in a compact SO-8C package. The LinkSwitch-TNZ is capable of handling up to 12 W output and provides significant efficiency improvements, consuming less than 5 mW for zero-cross detection, which is beneficial for smart home devices. Each unit is priced at $0.84 for bulk orders.

Power Integrations (POWI) has unveiled its new 600 V 12 A Qspeed diode, noted for the industry's lowest reverse recovery charge (Q_rr) of 14 nC at 25 °C. This diode enhances efficiency in the PFC stages of on-board chargers, reducing thermal load on PFC MOSFETs. The device is AEC-Q101 qualified and can replace more costly silicon carbide (SiC) components while maintaining high performance without the associated drawbacks. Priced at $1.17 in 10,000-piece quantities, the Qspeed diode aims to optimize automotive applications.

Power Integrations (Nasdaq: POWI) has appointed Yang Chiah Yee as vice president of worldwide sales, succeeding Ben Sutherland, who will focus on sales in Europe, India, and Southeast Asia. Mr. Yee has over three decades of experience in sales management, including significant roles at Atmel Corporation, where he managed $1.4 billion in annual revenue. Balu Balakrishnan, CEO, expressed confidence in Yee's ability to lead the sales team, highlighting his extensive industry experience and regional expertise.

Power Integrations (Nasdaq: POWI) announced participation in the Stifel Virtual Cross Sector Insight Conference on June 10 at 8:20 a.m. Pacific time. CEO Balu Balakrishnan and CFO Sandeep Nayyar will engage in an online fireside chat during the event. A live webcast will be available on the company's investor webpage, ensuring accessibility for stakeholders to gain insights into the company's performance and strategic direction.

Anker Innovations has unveiled its Nano II series of chargers, the world's first to utilize Gallium Nitride (GaN) II technology. Available in 30W, 45W, and 65W variants, the chargers are designed to be smaller and faster, featuring USB-C ports and Anker's Power IQ 3.0 tech, allowing for rapid charging. The 65W model is notably compact yet more powerful than previous models, capable of charging smartphones and laptops alike. Pre-orders have started at prices ranging from $29.99 to $39.99, with shipments commencing mid-June 2021.